If the price elasticity of beef is greater than the price elasticity of coffee, it means that households are A. more responsive or sensitive to a change in the demand for beef than to a change in the demand for coffee.
B. more responsive or sensitive to a change in the price of coffee than to a change in the price of beef.
C. more responsive or sensitive to a change in the demand for coffee than to a change in the demand for beef.
D. more responsive or sensitive to a change in the price of beef than to a change in the price of coffee.
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Expert's answer
2021-07-13T11:26:36-0400
D. more responsive or sensitive to a change in the price of beef than to a change in the price of coffee.
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